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GEOGRAPHIC AND SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2019
GEOGRAPHIC AND SEGMENT INFORMATION  
Geographic and Segment Information

15. GEOGRAPHIC AND SEGMENT INFORMATION

The Company currently operates in three reportable segments, which are uranium, lithium and graphite mining activities, including exploration, standby operations and restoration and reclamation activities.  As a part of these activities, the Company also explores, evaluates and, if warranted, permits uranium, lithium and graphite properties.  The Company’s long-term assets were $24.4 million and $25.8 million as of March 31, 2019 and December 31, 2018, respectively. 100% of the long-term assets are located in the United States.  The Company reported no revenues during the three months ended March 31, 2019 and March 31, 2018.

The reportable segments are those operations whose operating results are reviewed by the Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance provided those operations pass certain quantitative thresholds.  Operations whose revenues, earnings or losses or assets exceed or are expected to exceed 10% of the total consolidated revenue, earnings or losses or assets are reportable segments.  Information about current assets and liabilities of the segments has not been provided because the information is not used to assess performance.

The table below provides a breakdown of the long-term assets by reportable segments as of March 31, 2019 and December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

(thousands of dollars)

 

Corporate

    

Uranium

    

Lithium

    

Graphite

    

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net property, plant and equipment

 

$

150

 

$

11,407

 

$

 —

 

$

8,972

 

$

20,529

Restricted cash

 

 

 —

 

 

3,740

 

 

 —

 

 

10

 

 

3,750

Operating lease right of use assets, non-current

 

 

543

 

 

26

 

 

 —

 

 

 —

 

 

569

Total long-term assets

 

$

693

 

$

15,173

 

$

 —

 

$

8,982

 

$

24,848

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

(thousands of dollars)

 

Corporate

    

Uranium

    

Lithium

    

Graphite

    

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net property, plant and equipment

 

$

162

 

$

11,418

 

$

 —

 

$

8,973

 

$

20,553

Restricted cash

 

 

 —

 

 

3,722

 

 

 —

 

 

10

 

 

3,732

Notes receivable, non-current

 

 

 —

 

 

1,493

 

 

 —

 

 

 —

 

 

1,493

Total long-term assets

 

$

162

 

$

16,633

 

$

 —

 

$

8,983

 

$

25,778

 

The table below provides a breakdown of the reportable segments for the three months ended March 31, 2019 and March 31, 2018.  Non-mining activities and other administrative operations are reported in the Corporate column.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2019

(thousands of dollars)

    

Corporate

    

Uranium

    

Lithium

 

Graphite

    

Total

Statement of Operations

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Mineral property expenses

 

$

 —

 

$

553

 

$

 1

 

$

80

 

$

634

General and administrative expenses

 

 

1,279

 

 

392

 

 

 —

 

 

147

 

 

1,818

Sales and marketing expenses

 

 

 —

 

 

 —

 

 

 —

 

 

18

 

 

18

Accretion of asset retirement costs

 

 

 —

 

 

126

 

 

 —

 

 

 —

 

 

126

Depreciation and amortization

 

 

 1

 

 

22

 

 

 —

 

 

 —

 

 

23

Loss from operations

 

 

1,280

 

 

1,093

 

 

 1

 

 

245

 

 

2,619

Other (expense) income

 

 

(555)

 

 

  

 

 

  

 

 

  

 

 

(555)

Loss before taxes

 

$

(1,835)

 

$

(1,093)

 

$

(1)

 

$

(245)

 

$

(3,174)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2018

(thousands of dollars)

    

Corporate

    

Uranium

    

Lithium

 

Graphite

    

Total

Statement of Operations

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Mineral property expenses

 

$

 —

 

$

774

 

$

 8

 

$

 —

 

$

782

General and administrative

 

 

1,353

 

 

452

 

 

 —

 

 

 —

 

 

1,805

Acquisition related expenses

 

 

755

 

 

 —

 

 

 —

 

 

 —

 

 

755

Accretion of asset retirement costs

 

 

 —

 

 

134

 

 

 —

 

 

 —

 

 

134

Depreciation and amortization

 

 

 1

 

 

33

 

 

 —

 

 

 —

 

 

34

Loss from operations

 

 

2,109

 

 

1,393

 

 

 8

 

 

 —

 

 

3,510

Other income

 

 

81

 

 

10

 

 

 —

 

 

 —

 

 

91

Loss before taxes

 

$

(2,028)

 

$

(1,383)

 

$

(8)

 

$

 —

 

$

(3,419)